TOKYO, Jun 22 (Pulse News Wire) – LIXIL Corporation (5938.NG) announced today that its board of directors has approved the issuance of restricted shares as executive compensation. The new share issuance, scheduled for July 14, 2026, involves issuing ordinary shares worth ¥1,688 per share, totaling ¥40.0 million.
Eight executives will receive these shares, which are subject to restrictions until their tenure ends or upon resignation during the restriction period. The purpose of this issuance is to encourage long-term value creation and align interests with shareholders. Each recipient's allocation is based on their responsibilities and duties, as outlined in the company’s remuneration policy.
The shares will be held in custody accounts managed by SMBC Nikko Securities until the restrictions are lifted. In addition, the company clarified that the issue price was determined based on the simple average closing price of LIXIL's ordinary shares on the Tokyo Stock Exchange over the previous 30 trading days prior to the issuance date, adjusted to the nearest whole number. The board confirmed there were no concerns about the pricing being unduly favorable to executives.
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